The following is the transcript of the interview with IBM vice chair Gary Cohn, who served as an economic adviser in President Trump's first term, that aired on "Face the Nation with Margaret Brennan" on Sept. 20, 2026. MARGARET BRENNAN: And we're joined now by Gary Cohn. He is the vice chairman at IBM.
He previously served as a top economic advisor to President Trump during that first term. It's always good to have you here. MARGARET BRENNAN: So we have a lot of pressure points right now.
One of them is diesel prices at this record high, motor oil jet fuel costs. They're all affecting consumers. And this is not just in America.
The video alone of what's happening with protests in some of these countries in Syria, Philippines, Guatemala, all gas price protests. How concerned are you about the state of the consumer and the global economy? GARY COHN: Well, Margaret, I think you went through the exact topic that the consumer in the United States is most concerned about, it's energy and energy products.
You know, you start with gasoline. The most obvious thing, people go to the pump daily, weekly. And they sit there and they hold the nozzle down and they watch the numbers tick, and they see these numbers are higher than they were last week, and they're higher than the week before.
Is this ever going to stop? So directly they see it then indirectly when you talk about diesel, diesel is really the feedstock for food in this country. You know our farmers go through diesel to, to grow their crops, to pick their crops, to deliver their crops.
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